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A company had the following... A company had the following purchases during its first year of operations: Purchases January: 28 units at $111 February: 38
A company had the following...
A company had the following purchases during its first year of operations:
Purchases | |
January: | 28 units at $111 |
February: | 38 units at $122 |
May: | 33 units at $134 |
September: | 30 units at $142 |
November: | 28 units at $152 |
|
On December 31, there were 49 units remaining in ending inventory. These 49 units consisted of 10 from January, 11 from February, 6 from May, 9 from September, and 13 from November. Using the specific identification method, what is the cost of the ending inventory?
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$6,510.
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$5,168.
- $5,090.
- $6,662.
- $6,358.
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